.New York's Port Shainman Gallery has actually sued debt collector James R. Hedges IV, alleging that he owes nearly $300,000 for the purchases of 19 arts pieces that the gallery had consigned to him.
The claim, which was actually filed in the Supreme Court of the State of New York on Friday, declares that Hedges and his gallery, the Santa clam Monica-- located Hedges Projects, were actually committed these works through invoices dated between June 2022 as well as May 2024. Hedges and his gallery are accused of being obligated to pay $298,772.72.
Hedges has actually called himself "the go-to person for Warhol digital photography," stating in his biography that he owns the biggest personal compilation of photographs due to the Pop performer. He has actually curated series of Warhol's photographs, featuring one in 2020 at Port Shainman Gallery contained before the beginning of the pandemic in The big apple. He also staged a selling series of Warhol's craft with Gagosian gallery in 2022.
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The son of an enthusiast of self-taught performers, Hedges focused full-time on fine art starting in 2013, the year that he departed the world of financial investment financial, depending on to the Art Newspaper. Along with collecting art, he has actually acted as a trustee to the Dia Fine Art Structure as well as has been a customer of the Gallery of Modern Fine Art in New York City, the Aspen Craft Museum in Colorado, and also the Tate gallery system in the UK. He is actually currently manager for the fine arts at the the Lodging Bel-Air and the Beverly Hills Lodging as well as Bungalows in Los Angeles.
Port Shainman Showroom was actually established in 1984 as well as presently stands for musicians including Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and Flower B. Simpson. In January, the picture opened up a brand new 20,000-square-foot space in Tribeca.
Friday's claim performed certainly not detail the art work Port Shainman Picture had actually committed to Hedges as well as his gallery, taking note only that both were actually expected to market these jobs to debt collectors. According to the match, Hedges as well as his picture "maintained as well as made use of those funds for their own purposes and perk.".
" Hedges Projects is made blue to learn more about the lawsuit submitted through Jack Shainman Gallery," the picture said in a declaration. "Hedges Projects as well as Port Shainman Picture have possessed a prosperous organization partnership considering that 2018. It is unlucky that Jack Shainman Gallery made a decision to sue while the gatherings reside in the middle of service arrangements. Our experts strongly differ along with the claim, and also program to claim counterclaims of our personal, if necessary.".
A representative for Port Shainman Gallery decreased to comment.